PEPE Whales Hint at a Potential 27% Rally

PEPE Price Poised for Rise Despite Recent Dip

The PEPE token's recent price decline has likely positioned it for an impending surge. Moreover, the behavior of whales aligns with historical patterns that reinforce this potential.

Whale Activity Signals Optimism

Whale addresses significantly influence PEPE's price. These investors typically hold substantial amounts of the asset. While whale selling is often interpreted negatively, in PEPE's case, it is the reverse.

Over the past five days, the supply held by top non-exchange addresses has decreased by 2.5 trillion PEPE, signaling optimism. Historically, such whale selling has been followed by sharp price increases, with larger selling volumes leading to more significant rallies.

Crucial Junction for Profits

PEPE holders are at a pivotal point where a substantial portion of their holdings are poised for profit. Over 79 trillion PEPE, worth $623 million, purchased between $0.0000070 and $0.0000099, will become profitable once PEPE reaches a new all-time high.

This large supply awaiting profits incentivizes investors to hold their positions, supporting an increase in PEPE's price.

Price Prediction: 27% Rise on Horizon

PEPE's price is currently trading above the critical support level of $0.0000077. It is anticipated to complete the 60% rally it began two weeks ago, reaching the target set by the descending wedge breakout.

Despite the recent rally, PEPE remains 27% below the target of $0.0000100. Given the positive factors discussed, it is likely that the meme coin will complete this rally and establish $0.0000100 as support.

However, if the support at $0.0000077 is breached, PEPE's price could drop to $0.0000063, invalidating the bullish thesis and potentially leading to further losses for investors.